After last bearish week, it looks like the price stabilized around 4.3k area, and now is continuing the long direction.
At the same time a double bot (kinda) formed around 4.25k giving us a nice long opportunity.
For key levels we have :
Take profit on 4350 and 4375
Stop loss we have 4310 and 4290
This style is Hedge trading, creating a full sized risk free position in both directions.
Closing 50% of each position at 2R creates a risk free position, should price move to the stop loss, profit for each position would be 0.75R
Closing 50% of each remaining position at 4R Secures 2R profit on all positions, should price move to the stop loss, profit for each...
Market currently in a downtrend on the hourly from the weekend close came to retest the 38.20 % broke through to retest and bounced from the 23.6 fib level which happens to be the crown of the Head and Shoulder potential move
4 HR and daily say head and shoulder pattern for confluence .
Market is available with bullish momentum in previous daily candles for...
If bitcoin moves market down (breaking on 6170 support), then Ripple might go with it, even if those two are not in very same correlation. Total market will go down.
In Ripple's case price failed 3rd break out from H4 resistance level. which is so embaracing and lazy movement on buyers side. Ripple is might be waiting for bitcoin move or it could be anything, but...
We're getting very close to breaking out of the trend line going back twenty years to the 99` bubble. There have been multiple attempts over the last 2-3 years. Trump/ Fed keep lowering rates and want to continue the "expansion". I assume they will be successful and we'll have accelerated growth until 2020 Presidential elections. I expect 3600-4000 SPX before a...